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i hope we don't get anywhere near the debt ceiling limit. i hope we use the next few months to negotiate and reach an agreement that avoids any risk of hitting the debt ceiling. but until then i agree it is our duty to protect america's credit rating. i urge support of this measure. i yield back. the speaker pro tempore: the gentleman's time has expired. the gentleman from michigan, mr. levin, is recognized. mr. levin: i now yield a minute and a half to mr. neal, another very distinguished member of our committee. the speaker pro tempore: the gentleman from massachusetts is recognized for 1 1/2 minutes. mr. neal: i ask unanimous consent to revise and extend my remarks. thank you, madam speaker. the speaker pro tempore: without objection. mr. neal: madam speaker, i stand in opposition to the republican proposal today to pay china first. now, i any there is another way we can describe this legislation from our republican friends and it would go like this. let's balance the budget when bill clinton's president and let's balance the budget when
i hope we don't get anywhere near the debt ceiling limit. i hope we use the next few months to negotiate and reach an agreement that avoids any risk of hitting the debt ceiling. but until then i agree it is our duty to protect america's credit rating. i urge support of this measure. i yield back. the speaker pro tempore: the gentleman's time has expired. the gentleman from michigan, mr. levin, is recognized. mr. levin: i now yield a minute and a half to mr. neal, another very distinguished...
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congress can't raise the debt ceiling. they can't pass a budget. and the house spent all last week debating whether they are dead locked or gridlocked until they finally reached a stalemate. ( cheers and applause ). now, some people out there blame this on rifts within the republican party. for instance, the g.o.p.-controlled house took two days to pass legislation that extended the government's helium reserves which democrats would have allowed them to pass by unanimous voice vote. but you can't pass a helium bill by voice vote. it would be embarrassing. (helium voice. ) the gentleman from mississippi votes wheeeeee! ( cheers and applause ). [bleep] mark sanford. now, folks, of course other people say it's obama's fault like "new york times" columnist maureen dowd who recently wrote the job of the former community organizer and self-styled uniter is to somehow get congress to do the stuff he wants them to do. it's called leadership. yes, the definition of leadership is getting people who despise you to work with you. it's also the definition of th
congress can't raise the debt ceiling. they can't pass a budget. and the house spent all last week debating whether they are dead locked or gridlocked until they finally reached a stalemate. ( cheers and applause ). now, some people out there blame this on rifts within the republican party. for instance, the g.o.p.-controlled house took two days to pass legislation that extended the government's helium reserves which democrats would have allowed them to pass by unanimous voice vote. but you...
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May 8, 2013
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debt ceilings are going to be the trigger. that was rob portman making the debt ceiling threat, not somebody more idea logical. there's no incentive for republicans to make a deal with a weaker hand. it may be the last window the white house has. republicans of the house are going to run into a pr problem if they don't even pretend they want to negotiate with snalt democrats. they have refused to name their -- to the conference committee to begin their process of hammering out a real deal. yesterday, congressman ryan had an odd explanation as to why they're not doing that. >> when does the clock start? >> so, we do want to go to conference, but when we have a good chance of getting something done. the president should get create for putting chain cpi out there. wasn't in our budget, wasn't in patty's budget. if we go to congress early, i can guarantee you'll see votes on the house floor prior to going to conference where nobody votes and it makes it that much harder to be part of the final agreement. >> what's paul ryan talkin
debt ceilings are going to be the trigger. that was rob portman making the debt ceiling threat, not somebody more idea logical. there's no incentive for republicans to make a deal with a weaker hand. it may be the last window the white house has. republicans of the house are going to run into a pr problem if they don't even pretend they want to negotiate with snalt democrats. they have refused to name their -- to the conference committee to begin their process of hammering out a real deal....
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May 2, 2013
05/13
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and of course that big debt ceiling debate happening in july. >> rest up! >> we'll see if that's something that the markets are focusing on. >> the last debate they had was horrible for the markets. remember that, a couple years ago? >> absolutely. >>> we've got a market that's rallying right now, up 128 points on the dow jones industrial average. >>> supporters of high-speed trading says it helps investors by reducing volatility and lowering transaction costs. but our next guest says the risks far outweigh the benefits and every investor should be on high alert. and he'll explain why, straight ahead. >>> also ahead, aig ceo rob ben m mos che breaking down their results. ♪ [ agent smith ] i've found software that intrigues me. it appears it's an agent of good. ♪ [ agent smith ] ge software connects patients to nurses to the right machines while dramatically reducing waiting time. [ telephone ringing ] now a waiting room is just a room. [ static warbles ] i work for 47 different companies. well, technically i work for one. that company, the united states
and of course that big debt ceiling debate happening in july. >> rest up! >> we'll see if that's something that the markets are focusing on. >> the last debate they had was horrible for the markets. remember that, a couple years ago? >> absolutely. >>> we've got a market that's rallying right now, up 128 points on the dow jones industrial average. >>> supporters of high-speed trading says it helps investors by reducing volatility and lowering...
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May 1, 2013
05/13
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big thing that has to be done, we are approaching a debt ceiling and budget. its budget. if he can get some kind of agreement on a budget deal and get a tax reform as part of that deal, there will be added revenue and he can have spending so he can promote jobs fleismt the republicans will not allow any spending. >> what the democrats in the senate. >> they will pass his budget. republican obstructionism. >> dana: if you took anything away from the press conference, it was the republicans blocked everything i tried to do. instead of tried to persuade us as why should gitmo terrorists these coming to american. on obamacare, last week every quote that was negative about obamacare came from democrats, not republicans. yet the republicans continue to get all the blame. >> when president obama was a kid and didn't do his homework, do you think he blamed john boehner. >> dana: he probably blamed my dog. >> greg: he made a health care bill to treat you. >> dana: that is another thing they did today. this is the big announcement on obamacare. one of the complaints it was a 35-pag
big thing that has to be done, we are approaching a debt ceiling and budget. its budget. if he can get some kind of agreement on a budget deal and get a tax reform as part of that deal, there will be added revenue and he can have spending so he can promote jobs fleismt the republicans will not allow any spending. >> what the democrats in the senate. >> they will pass his budget. republican obstructionism. >> dana: if you took anything away from the press conference, it was the...
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May 8, 2013
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remember the fiscal cliff fight and the debt ceiling debacle? d.c. duals that dominated the headlines have been lest in the dust by the record-breaking ralliment could it continue? don't miss cramer's take. >>> later, money tree? the housing market's foundation is strengthening. that demand for lumber helped weyerhaeuser report the strongest quarter since 2005. is it time to build a position in this stock? cramer battles it out with ceos. in good hands, 10,000 people a day surgeon 65. so could retiring baby boomers be the key to returning your nestegg? it's cramer's call, all coming up on "mad money." >>> don't miss a sending of "mad money", follow @jimcramer on twkt. send jim and e-mail to madmoney@cnbc.com or give us a call 1-800-743-cnbc. miss something? head to madmoney.cnbc.com. ♪ [ agent smith ] i've found software that intrigues me. it appears it's an agent of good. ♪ [ agent smith ] ge software connects patients to nurses to the right machines while dramatically reducing waiting time. [ telephone ringing ] now a waiting room is just a roo
remember the fiscal cliff fight and the debt ceiling debacle? d.c. duals that dominated the headlines have been lest in the dust by the record-breaking ralliment could it continue? don't miss cramer's take. >>> later, money tree? the housing market's foundation is strengthening. that demand for lumber helped weyerhaeuser report the strongest quarter since 2005. is it time to build a position in this stock? cramer battles it out with ceos. in good hands, 10,000 people a day surgeon 65....
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of course that debt ceiling fight, the biggest one of the year. the house plans on passing a bill that would soon allow the treasury department to prioritize debt payments white house minutes before interview the president would veto saying it is up to congress to pass a clean increase in the debt ceiling. we asked the speaker about that white house veto threat. >> you know the president can say this but y know, he is the person who, when he was united stat
of course that debt ceiling fight, the biggest one of the year. the house plans on passing a bill that would soon allow the treasury department to prioritize debt payments white house minutes before interview the president would veto saying it is up to congress to pass a clean increase in the debt ceiling. we asked the speaker about that white house veto threat. >> you know the president can say this but y know, he is the person who, when he was united stat
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connell: hey, rich. >> may 19 is when the debt ceiling hits. the treasury department can use what is known as extraordinary measures to send that off until the fall time. right now democrats and republicans staking out their positions. we spoke with john boehner, got a good deal of information about what republicans plan on doing with the debt ceiling negotiations. he says they may consider tax reform and entitlement reform. >> 10,000 baby boomers like me retiring every day. 70,000 this week. 3 1/2 million this year. it has to be part? >> it's got to be part of it. i don't know how else you can balance a budget if you don't deal with the entitlement problem and these programs are important to millions of americans, tens of millions of americans and they're not going to exist if we don't deal with them. >> republicans will be holding meetings in a few weeks to determine how they'll perceive with the debt ceiling negotiations. white house is saying they'll have none of it. this from a statement of policy yesterday saying the president has been cl
connell: hey, rich. >> may 19 is when the debt ceiling hits. the treasury department can use what is known as extraordinary measures to send that off until the fall time. right now democrats and republicans staking out their positions. we spoke with john boehner, got a good deal of information about what republicans plan on doing with the debt ceiling negotiations. he says they may consider tax reform and entitlement reform. >> 10,000 baby boomers like me retiring every day. 70,000...
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. >> someone alluded to the debt ceiling a moment ago. i think august 2nd sometime this summer. are we going to another wrenching ordeal? >> i'm worried for this reason. i believe the speaker of the house, john boehner, would agree it would be a bad idea to do a replay of the summer of 2011 where the to the deadline and created uncertainty. he had a negative impact on the economy. the issue is how, how he can put together that those in the house of representatives, including tea party republicans that would allow us to method that feeling, which we had on may 17 or management take makes, the treasury department as a sign of september, october. i think they play to avoid it, but they don't know how, so they've come up for now because cockamamie idea that you're somehow going to pay some of your bills, but not all of your bills. they collect their prioritization. if i could pay my mortgage but i don't have to pay -- they want the united states government to do that, what should be disastrous in a terribles ticknor, hurt the economy. but that so far there responds people pay some o
. >> someone alluded to the debt ceiling a moment ago. i think august 2nd sometime this summer. are we going to another wrenching ordeal? >> i'm worried for this reason. i believe the speaker of the house, john boehner, would agree it would be a bad idea to do a replay of the summer of 2011 where the to the deadline and created uncertainty. he had a negative impact on the economy. the issue is how, how he can put together that those in the house of representatives, including tea...
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May 9, 2013
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we lifted the debt ceiling but the discussion of it lowers the credit rating. we can't go through that again. the hopes is we put an end to the sillyness. let's go the table. what are they afraid of? are they afraid of the public seeing what they have in the budget and how it contrasts to the values than the senate's budget? have the public see it. remember to write home, buy presents, flowers, candy, chocolate candy because, as you know, sunday america's families will celebrate mother's day. what do we do for that? gift.e mothers not a good less work and less pay. it gives less flexibility to working people, more discretion to their bosses. here's what the bill does. it ends the 40-hour work week. it cuts pay for women, undermines the economic security of the middle class, gives interest-free loan, paid for by the workers wages in unused comp time to the company. i mean, what we should be doing s enkting the woman's economic agenda. accessable child care, very important to working moms at every level, every economic level. expanding leave. fairnessf the payche
we lifted the debt ceiling but the discussion of it lowers the credit rating. we can't go through that again. the hopes is we put an end to the sillyness. let's go the table. what are they afraid of? are they afraid of the public seeing what they have in the budget and how it contrasts to the values than the senate's budget? have the public see it. remember to write home, buy presents, flowers, candy, chocolate candy because, as you know, sunday america's families will celebrate mother's day....
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May 8, 2013
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also today we are expecting the house to begin consideration of a debt ceiling bill that would have the government continue to make social security payments and interest payments to bondholders, even if the government has reached the debt ceiling. the white house yesterday issued a veto threat against the legislation. live coverage again of the house here on c-span. and the senate this week is considering legislation dealing with army corps of engineers' water projects. number of amendment votes expected today. follow the debate on c-span2. and over on c-span3, after that joint meeting of congress, hearing on the attack last year on the u.s. consulate in benghazi, lib why. tuesday, department officials previously posted there in libya as well as the department's acting head of counterterrorism are set to testify. that's set for 11:30 eastern on c-span3. as we mentioned south korea's president addressing a joint meeting of congress coming up this morning. 10:30 eastern. yesterday she held a joint news conference with president obama. we'll show you as much of that as we can until the joi
also today we are expecting the house to begin consideration of a debt ceiling bill that would have the government continue to make social security payments and interest payments to bondholders, even if the government has reached the debt ceiling. the white house yesterday issued a veto threat against the legislation. live coverage again of the house here on c-span. and the senate this week is considering legislation dealing with army corps of engineers' water projects. number of amendment...
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May 8, 2013
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raising the debt ceiling merely allows us to pay debts we have previously incurred. all debts previously incurred. we should recognize this simple reality by eliminating the debt ceiling and passing responsible budgets. but republicans now use the debt ceiling to hold the entire country hostage unless their demands, which they haven't figured out, unless their demands are met. this reminds me of the 1930's beganster film. it's a nice restaurant you got over there. nice economy you got over there. this republican tactic has already brought about the first downgrade in the u.s. credit rating in history, and it's brought about brutal spending cuts that have punished the middle class, failed to help the millions of americans looking for work, and weaken the safety net of working families and seniors. mr. speaker, two wars and two bush tax cuts and eight years of irresponsibility that brought us the deficit in the last budget adopted under george w. bush of 10.1%. we have -- of g.d.p. we have reduced that budget deficit in three years from 10.1% of g.d.p. to 4.8% today. t
raising the debt ceiling merely allows us to pay debts we have previously incurred. all debts previously incurred. we should recognize this simple reality by eliminating the debt ceiling and passing responsible budgets. but republicans now use the debt ceiling to hold the entire country hostage unless their demands, which they haven't figured out, unless their demands are met. this reminds me of the 1930's beganster film. it's a nice restaurant you got over there. nice economy you got over...
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May 5, 2013
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ceiling is notbt about increasing the debt, it is about -- guest: the debt ceiling is not about increasing the debt, it is about paying the debt we have already incurred. when the issue comes up they say that we risk of defaulting on that debt, which would crash the economy. host: let me get back to syria, which mentioned. we only talked about it briefly. this is from "the new york times." the talk about the off the cuff line from obama on syria. what is next, now that the chemical weapons are out there, the white house is in a bit of a pinch on this? guest: they really are. a fascinating piece from the times, what worked out behind the scenes were not exactly what the president was doing. as they found in the press conference on tuesday, but knowing more about the chain of custody this is not about boots on the ground. no one wants that. even the syrian opposition does not want boots on the ground. really they want a no-fly zone and more sanctions to isolate the regime. host: does this have the potential to derail the agenda? guest: absolutely. foreign policy is always an x factor. in hel
ceiling is notbt about increasing the debt, it is about -- guest: the debt ceiling is not about increasing the debt, it is about paying the debt we have already incurred. when the issue comes up they say that we risk of defaulting on that debt, which would crash the economy. host: let me get back to syria, which mentioned. we only talked about it briefly. this is from "the new york times." the talk about the off the cuff line from obama on syria. what is next, now that the chemical...
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ceiling raised you're going to have to cut long term unemployment benefits from ninety nine weeks down to seventy four weeks mark i don't get it why you know if you can go to the republican party and say here prove princeton university and the fed if you know if you maintain long term unemployment benefits people are going to keep looking for work because people would read most other than that two percent of people would rather work than not well first of all i have not studied this you know this study or the study itself i haven't sat down looked at all the numbers i think about it and see if it sounds ok i mean princeton the fed i these are not primary sources to me i think the one that was done before was at u.c. berkeley not usually going to be a primary source without i'm not saying it's completely wrong but i think there's some always potential for some bias there why are people going after long term unemployment because that line between that safety net and that complacency hamrick that net versus they idea that you're you know it catches you on the way down and then when you ju
ceiling raised you're going to have to cut long term unemployment benefits from ninety nine weeks down to seventy four weeks mark i don't get it why you know if you can go to the republican party and say here prove princeton university and the fed if you know if you maintain long term unemployment benefits people are going to keep looking for work because people would read most other than that two percent of people would rather work than not well first of all i have not studied this you know...
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they will have to start talking about the next debt ceiling and some entitlement reform. there is some good news in today's job report. maybe there's some possibility that we'll see some progress this summer as the two sides start to tang goe again. >> christine, i want you to button it up before we go to a break. put this in perspective and tell us what this all means. what does it all mean? >> it means the economy is slowly healing from the worst financial crisis any of us will ever experience. it means companies are having to hire people. it's nowhere what we would like to see. my last piece of advice, i guess, is your jobless rate is either 100% or 0%. all of these numbers for a lot of people out there mean nothing unless you have a job. listen, for a long time we've been saying the jobless rate has been falling because people have been dropping out of the labor market. last month, people didn't drop out of the market. >> christine romans, alison kosik, jessica yellin, and steven moore, thanks to all of you. >>> when we come back in the "newsroom," we're going to talk
they will have to start talking about the next debt ceiling and some entitlement reform. there is some good news in today's job report. maybe there's some possibility that we'll see some progress this summer as the two sides start to tang goe again. >> christine, i want you to button it up before we go to a break. put this in perspective and tell us what this all means. what does it all mean? >> it means the economy is slowly healing from the worst financial crisis any of us will...
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the debt ceiling is coming up again within a couple of months. guest: the way things happen in washington, when we go into crisis mode, everybody hates this, but it is the way it has worked out. we get up to the point of defaulting on the national debt or the government shuts down. really, the republicans havmore government by crisis mode, but it really does not help anyone. at a certain point the public stops paying attention and brushes off washington as a bunch of incompetent idiots. on sequester, the latest jobs report, unemployment is still high, but it went down to 7.5%. on a huge impact sequestration, but economists are saying that they could see that and maybe that will contribute to the sense of crisis. host: arthur is on the line from new york city. thank you for waiting. caller: i must -- obamacare, a surly 26-year-old's are a good policy, but in reality it is a disaster. iny of my colleagues are their late 50's or are retiring. hospitals are buying up all the practices. they are totally inefficient at delivering care and there will be
the debt ceiling is coming up again within a couple of months. guest: the way things happen in washington, when we go into crisis mode, everybody hates this, but it is the way it has worked out. we get up to the point of defaulting on the national debt or the government shuts down. really, the republicans havmore government by crisis mode, but it really does not help anyone. at a certain point the public stops paying attention and brushes off washington as a bunch of incompetent idiots. on...
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May 4, 2013
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ceiling debate that we should have a trillion dollar platinum coin, deposited in the treasury and wash her hands of this. these are serious people and they called the tea party crazy. safi like the whole world is spinning out of control and i'm the only normal person in it, with you guys, and everyone has just gone crazy. think about obama and budgets and everything we talk about. his budget is a huge massive zero-sum fallacy masquerading as policy. it's not a budget like you think of a budget. it's not about economic growth. it's about fairness. he doesn't care about growth. he looks at the world as a piper come sure most of you read milton friedman and you have ridiculous that is. which brings the to the scares prospect of all. what does this say? well, to me this is that we've lost the american people. it's impossible to conservatives don't like to deal with. there is no real conservative party in europe friends. my parents immigrated from congress hungry. people lived under communism and they're still no conservative classical liberal presence there. in some policy here and there b
ceiling debate that we should have a trillion dollar platinum coin, deposited in the treasury and wash her hands of this. these are serious people and they called the tea party crazy. safi like the whole world is spinning out of control and i'm the only normal person in it, with you guys, and everyone has just gone crazy. think about obama and budgets and everything we talk about. his budget is a huge massive zero-sum fallacy masquerading as policy. it's not a budget like you think of a budget....
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and the upcoming vote to raise the debt ceiling. unfortunately, since that time it's pretty much been business as usual here in washington, d.c., and almost no progress has been made. it's time for to us get back beyond the conversations and the rhetoric that too often is pretty empty around here and get down to the business of making real changes in the way that we conduct our business. first and foremost, we must reduce the government drag on the private sector. start-ups and small businesses, the real job creators in this country, are being held down under the weight of a 74,000-page convoluted tax code and a $1.75 trillion worth of red tape. every single job creator that i meet, whether it's at what town hall meeting back home in kansas or here in washington, d.c., they come here to tell us their story and ask for our help, what they tell me is that we've got to reduce the massive regulatory burden. the overwhelming cost of compliance prevents many small business owners and entrepreneurs from hiring new employees, expanding thei
and the upcoming vote to raise the debt ceiling. unfortunately, since that time it's pretty much been business as usual here in washington, d.c., and almost no progress has been made. it's time for to us get back beyond the conversations and the rhetoric that too often is pretty empty around here and get down to the business of making real changes in the way that we conduct our business. first and foremost, we must reduce the government drag on the private sector. start-ups and small...
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ceiling. john harwood's covering it all for us and has the details in front of the white house. john? >> tyler, starkly different economic messages from the white house and from house republicans today. president obama went to austin, texas, to push the message that was contained in his budget, which is that the key for the growth of the middle class, growth of the economy, is economic growth, as indicated by two executive orders, one of which would expand government data sharing for businesses and also would foster the creation of manufacturing centers. he says that government action is necessary to encourage the growth of the middle class. >> part of our challenge, you've got to try to see the same kind of seriousness of purpose in your leaders, from washington to wall street. all of us have to commit ourselves to doing better than we're doing now. and all of us have to rally around the single greatest challenge that we face as a country right now, and that's reigniting the true engine of ec
ceiling. john harwood's covering it all for us and has the details in front of the white house. john? >> tyler, starkly different economic messages from the white house and from house republicans today. president obama went to austin, texas, to push the message that was contained in his budget, which is that the key for the growth of the middle class, growth of the economy, is economic growth, as indicated by two executive orders, one of which would expand government data sharing for...
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May 2, 2013
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calculation early on, which in the real world seemed like a reasonable calculation, that to get the debt ceiling, you know, lifted and get that deal done, the republicans would agree to come together and negotiate a big deal. >> never agreed to this. >> negotiate a big deal, but if that deal didn't come through, then, okay, each side would get some pain. on the republican side, there would be defense cuts. on the democratic side, programs like these. each side had skin in the game, that would motivate them to do something to avoid this. you know, six months later, republicans basically say, you know what, if it's between pentagon cuts and protecting tax breaks for the rich, we'll go for tax breaks for the rich. that was like a big surprise. vincent was telling me before the show that even not many years ago, but in the recent past, this used to be a bipartisan program. we didn't argue this sort of stuff. >> bipartisan support for meals on wheels, when did republicans fall off the wagon? >> it's been challenging during these budgetary crisis times. other than that, i can't tell you. >> wh
calculation early on, which in the real world seemed like a reasonable calculation, that to get the debt ceiling, you know, lifted and get that deal done, the republicans would agree to come together and negotiate a big deal. >> never agreed to this. >> negotiate a big deal, but if that deal didn't come through, then, okay, each side would get some pain. on the republican side, there would be defense cuts. on the democratic side, programs like these. each side had skin in the game,...
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. >> [indiscernible] demands in terms of raising the debt ceiling. now -- itpoint right seems unclear what position is going to be in terms of the conference this time around. can you explain the difference now [indiscernible] t> we are not any differen place today than they were two years ago. this year the federal government will bring in more revenue than any year in the history of our country, and yet we will still have a $1 trillion budget deficit. you cannot continue to do this. and so, our conversations have begun. we will have a conversation with our members next week to talk about a way forward. what do our members believe is necessary in order to allow them to vote yes on an increase in the debt limit, but dealing with a long-term structural spending problems we have is at the core of it. we also know we cannot cut our way to prosperity. we need real economic growth. that is why we continue to hear a lot of discussion about tax reform, regulatory reform, that would help us produce more economic growth here in our country. we do both, we can
. >> [indiscernible] demands in terms of raising the debt ceiling. now -- itpoint right seems unclear what position is going to be in terms of the conference this time around. can you explain the difference now [indiscernible] t> we are not any differen place today than they were two years ago. this year the federal government will bring in more revenue than any year in the history of our country, and yet we will still have a $1 trillion budget deficit. you cannot continue to do this....
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raising the debt ceiling doesn't do away with those debts. they are still there. we have an obligation to pay the debts that are incurred by this country. my friend -- i'm sorry, the junior senator from texas said he wanted a guarantee that as a bargaining pawn that we would make sure that the debt ceiling would not be raised. or words to that effect, mr. president. we've been through that before. the president made it very clear he will not negotiate on this country paying its bills. so republicans refuse to go to conference unless democrats get into positions that were soundly rejected by the american people last november. soundly rejected here on the senate floor with the budget resolution we passed. in other words, republicans refuse to play the game unless we let them win. mr. president, the rules are set. we know what the rules are. so let's get down and go for it with the rules. but they're not willing to do that. like schoolyard bullies, if the republicans can't win, they'll take the ball and go home. that's what we were told last night. this is a start bu
raising the debt ceiling doesn't do away with those debts. they are still there. we have an obligation to pay the debts that are incurred by this country. my friend -- i'm sorry, the junior senator from texas said he wanted a guarantee that as a bargaining pawn that we would make sure that the debt ceiling would not be raised. or words to that effect, mr. president. we've been through that before. the president made it very clear he will not negotiate on this country paying its bills. so...
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May 3, 2013
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look at the next big debt ceiling showdown. when he says i'm not going to negotiate on the debt ceiling what republican would believe that? >> doubt he should have vetoed it? >> i do. >> not as a pure political battle. i think revo it and say if we want to fix the sequester we can but not for special interests that have a big bobbying. >> the final point where is his juice, he is not running for office any more. to me that is the ultimate liberty ritaor and to me why no excuse. the game is yet to be played out but such an advantage. he does not have to woo voters any more. >> david gregory, thank you. what is coming up on "meet the press"? >> we are going to talk about homeland security. is this more of the plot that emerges out of boston, could more have been done to prevent it? how to keep america safe and we will debate the president at a hundred days. >> great. josh green, thank you as well. eugene, stay with us, if you can. >>> still ahead, the creator of the doonesbury comic strip team up to produce a pilot starring john
look at the next big debt ceiling showdown. when he says i'm not going to negotiate on the debt ceiling what republican would believe that? >> doubt he should have vetoed it? >> i do. >> not as a pure political battle. i think revo it and say if we want to fix the sequester we can but not for special interests that have a big bobbying. >> the final point where is his juice, he is not running for office any more. to me that is the ultimate liberty ritaor and to me why no...
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the april 2, 0111, also complicated by the debt ceiling debate. those are huge sharp declines in a relatively short period of time. i have to tell you that i do the making money with charles stuff and i got an e-mail today. the very worst one i have done so for he bought it. he told me he was nervous. that is not investing in the market every time a stock goes down. what i have noticed is so far it has been more of a stock market phenomenon then an economic phenomenon. although, last year we did have a little bit of the client here and there. this year, right now, so far, it looks like we are swooning in effect of the economy. lori: what is the likelihood that this is just an outlier? charles: obviously, without the near all-time highs territory if we had not rebounded from those positions. without a dow, we are hearing from ceos. they are saying take our word for it. the second half of the year will be better. essentially, this is what we will have to do but today we look at adp, construction, you know. these bumpy rides, along with the idea of b
the april 2, 0111, also complicated by the debt ceiling debate. those are huge sharp declines in a relatively short period of time. i have to tell you that i do the making money with charles stuff and i got an e-mail today. the very worst one i have done so for he bought it. he told me he was nervous. that is not investing in the market every time a stock goes down. what i have noticed is so far it has been more of a stock market phenomenon then an economic phenomenon. although, last year we...
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May 8, 2013
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ceilings will be disruptive to the economy because nobody wants to threat an default. >>> a republican with a liqu libertarian view says the act imposes on privacy. he said his bill would repeal privacy protection. very little chance of success in a democratically controlled senate. >>> the spring art auction season kicked off last night in new york. a large selection of modern art piece were sold. that's near the high presell estimate. the highlight apples. a still life from 1889 that went for $41 million. a picasso topped estimates 9.7 million. and madonna sold her 1921 painting three women at a red table for 7.1 million. proceeds went to her ray of life foundation celebrating girls education in the middle east and south asia. >>> coors missed expectation. we'll take a look at the battle of the brewers when we come back. i want to make things more secure. [ whirring ] [ dog barks ] i want to treat more dogs. ♪ our business needs more cases. [ male announcer ] where do you want to take your business? i need help selling art. [ male announcer ] from broadband to web hosting to mobile
ceilings will be disruptive to the economy because nobody wants to threat an default. >>> a republican with a liqu libertarian view says the act imposes on privacy. he said his bill would repeal privacy protection. very little chance of success in a democratically controlled senate. >>> the spring art auction season kicked off last night in new york. a large selection of modern art piece were sold. that's near the high presell estimate. the highlight apples. a still life from...
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ceiling worries come back into play. tracy: what do i do at that point? do i take it out of the market all together? are you saying go to cash or some cash in july and august? >> depends on what happens between now and then. i think if we can clear 1600 on the s&p, you've got blue sky all the way up to 1700 on the s&p. i think you could get there by july. and at that juncture i think you probably should take some money off the table and or, if you're not, i think you should put in some downside hedges. tracy: that's actually interesting because i think that many people, harken back to what's happened come august. i remember. it was my birthday weekend when the market went to hell in a handbag. god willing that doesn't happen again. god willing it in turn becomes a buying opportunity instead. let's talk about some of the things you're buying. you're into these cell towers, huh? >> into which, i'm sorry, i didn't get that? >> cell tower stocks. american tower, all basically wireless towers, huh? >> my cell analyst is proba
ceiling worries come back into play. tracy: what do i do at that point? do i take it out of the market all together? are you saying go to cash or some cash in july and august? >> depends on what happens between now and then. i think if we can clear 1600 on the s&p, you've got blue sky all the way up to 1700 on the s&p. i think you could get there by july. and at that juncture i think you probably should take some money off the table and or, if you're not, i think you should put in...
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it was electable when the debt ceiling compromise was announced back in -- predictable when the debt ceiling compromise was announced back in 2011. i think this is going to be painful, but the way to prevail is not to compromise on every single thing. said he did not like it but would sign it. done this, he could have made a point that we are all in this together. it was a stupid idea and we have to fix it. host: npr reported yesterday that the sequester has put some needing housing aid back to square one. ?uest: can you imagine people wait for vouchers, a ticket to a little bit of stability. it is already a tough process, and then you get it, and it is taken away from you. lotteries to take kids out of head start -- i do not think we understand how fragile the system is, yet we are putting away at a -- cutting away at it even as it is so tiny. also, down the road there will be job losses. democrats never adequately explained the role of government in setting the preconditions for the rise of the middle class in the 1950's, the 1960 plus in the 1970's. the republicans like to say gov
it was electable when the debt ceiling compromise was announced back in -- predictable when the debt ceiling compromise was announced back in 2011. i think this is going to be painful, but the way to prevail is not to compromise on every single thing. said he did not like it but would sign it. done this, he could have made a point that we are all in this together. it was a stupid idea and we have to fix it. host: npr reported yesterday that the sequester has put some needing housing aid back to...
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the last few augusts have really seen the market tumble especially with the debt ceiling debates and things like that. so you're saying we're actually positioned to handle whatever washington throws at us? >> well, not everything. obviously they're very good at throwing us curves but what looks like the republicans have funded the government through the end of the fiscal year. the, it looks like these manufactured crises which we had in the first quarter have gone away. we're expecting muddle and mediocrity from washington. it's not exciting. it its not positive but certainly is not the markets worst fears. it is possible to get a curve thrown at us. a string of bad statistics could bring the market to some sort of a correction but the fundamentals all look up. tracy: god willing everything is somewhat under control. let's talk about housing a little bit. seems that we're on the road to recovery. do you agree? >> well, i think it is recovering. i think some of the numbers we've been seeing exaggerate the degree of the recovery ore the speed of the recovery. builders have been buildin
the last few augusts have really seen the market tumble especially with the debt ceiling debates and things like that. so you're saying we're actually positioned to handle whatever washington throws at us? >> well, not everything. obviously they're very good at throwing us curves but what looks like the republicans have funded the government through the end of the fiscal year. the, it looks like these manufactured crises which we had in the first quarter have gone away. we're expecting...
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we live in a time of fiscal cliffs, debt ceiling standoffs, threatened government shutdowns, rumors of government shirtups. lip lip and the 30th congress were actually the first. what happens? we have major appropriations bill coming at the very end of the second session of congress. and the clean bill, the whigs are trying to increase the pay of certain offices they think they're going to get appointed to by zachary taylor. nothing too controversial. passes unanimously and goes to the senate in the? , a map named walker from the state of wisconsin attaches a rider to the bill prohibiting slavery -- i'm sorriry -- allowing president polk to organize all this new territory we acquired from mexico at the conclusion of the mexican american war, allowing president polk to organize it in the way he sees fit. he thinks we should extend the missouri compromise to the pacific ocean, some where we are right now into have been slave territory. so lincoln every time votes against this appropriations bill so long as the walker amendment is attached to it. lincoln is willing to shut down the govern
we live in a time of fiscal cliffs, debt ceiling standoffs, threatened government shutdowns, rumors of government shirtups. lip lip and the 30th congress were actually the first. what happens? we have major appropriations bill coming at the very end of the second session of congress. and the clean bill, the whigs are trying to increase the pay of certain offices they think they're going to get appointed to by zachary taylor. nothing too controversial. passes unanimously and goes to the senate...
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May 3, 2013
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we live in a time of fiscal cliffs, debt ceiling standoffs, threatened government shutdowns, rumors of government shirtups. lip lip and the 30th congress were actually the first. what happens? we have major appropriations bill coming at the very end of the second session of congress. and the clean bill, the whigs are trying to increase the pay of certain offices they think they're going to get appointed to by zachary taylor. nothing too controversial. passes unanimously and goes to the senate in the? , a map named walker from the state of wisconsin attaches a rider to the bill prohibiting slavery -- i'm sorriry -- allowing president polk to organize all this new territory we acquired from mexico at the conclusion of the mexican american war, allowing president polk to organize it in the way he sees fit. he thinks we should extend the missouri compromise to the pacific ocean, some where we are right now into have been slave territory. so lincoln every time votes against this appropriations bill so long as the walker amendment is attached to it. lincoln is willing to shut down the govern
we live in a time of fiscal cliffs, debt ceiling standoffs, threatened government shutdowns, rumors of government shirtups. lip lip and the 30th congress were actually the first. what happens? we have major appropriations bill coming at the very end of the second session of congress. and the clean bill, the whigs are trying to increase the pay of certain offices they think they're going to get appointed to by zachary taylor. nothing too controversial. passes unanimously and goes to the senate...
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May 5, 2013
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we hold up the debt ceiling a bunch of times. it seems right. it seems right to me in this concern about the deficit that wasn't there for all those years that they had the presidency? >> if the republicans shed a bunch of cultural issues, though, is it not possible that they could take the presidency have this huge advantage in the house of representatives and then can you imagine a scenario where, say, the economy falls back into recession between now and 2024 and revenues are down and the debt is larger than projected? i don't think it's inconceivable. maybe not the ryan plan. >> i mean, i think -- you know, the republicans do have to figure out a way how to actually sell getting the deficit under control, right? i mean, it still isn't a sexy issue. there's still not a real connection that americans have reducing the deficit and jobs, right? and maybe you've had a party, i think, that used to be the party of big ideas. now it just seems to be the party -- a very effective party at stopping things in washington, but i think so far, they still
we hold up the debt ceiling a bunch of times. it seems right. it seems right to me in this concern about the deficit that wasn't there for all those years that they had the presidency? >> if the republicans shed a bunch of cultural issues, though, is it not possible that they could take the presidency have this huge advantage in the house of representatives and then can you imagine a scenario where, say, the economy falls back into recession between now and 2024 and revenues are down and...
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. >> steny, news reports that the house republicans are seeking as part of a debt ceiling deal. people are calling it a tactical debt bill. to prioritize government debt payments. what do you make of that? what position does that put the democrats in? >> i think the democrats will be overwomeningly opposed to it. the senate is not going to take it up. and tony was with the bush economic team, says it is essentially a joke. it's not possible. others say it will be a political catastrophe. clearly we call it pay china first bill. the federal government has not been a priority borrower but simply will pay all of our debts on time in full. that's what the united states continues to be. china being one of the bigest. but we may not pay our veterans, employees, we may not pay other benefits. we may not pay small business people doing business with the federal deposit. that doesn't make my sense for the weightiest nation on the face of the earth. i think it is simply a figure leaf for republicans deeply divided how they want to go forward, as you have seen. and i think that this bill i
. >> steny, news reports that the house republicans are seeking as part of a debt ceiling deal. people are calling it a tactical debt bill. to prioritize government debt payments. what do you make of that? what position does that put the democrats in? >> i think the democrats will be overwomeningly opposed to it. the senate is not going to take it up. and tony was with the bush economic team, says it is essentially a joke. it's not possible. others say it will be a political...
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they refuse to raise the debt ceiling and give in and refuse refuse to raise it again. they voted to repeal obama care 33 times and continue to hold hearings on benghazi, yet another one, today, by darryl issa and the government oversight committee which has held half adowns hearings on the same topic. don't expect anything new. get this. the september 11, 2012, attack on our consulate in benghazi has been investigated by the f.b.i. by one senate committee, by five standing house committees and by one specially appointed house committee. not only that, it was also investigated by a state department review board headed by ambassador thomas pickering and admiral michael mullin who placed the blame for attack where it belongs, on the terrorists, not the obama administration. so if republicans really want to play politics with benzghazi, ask them this: how many were killed at benghazi, and how many were killed on 9-11? and then ask them which president was soft on national security? yeah. they don't want to answer that one. >> that's my parting shot for today. tomorrow, con
they refuse to raise the debt ceiling and give in and refuse refuse to raise it again. they voted to repeal obama care 33 times and continue to hold hearings on benghazi, yet another one, today, by darryl issa and the government oversight committee which has held half adowns hearings on the same topic. don't expect anything new. get this. the september 11, 2012, attack on our consulate in benghazi has been investigated by the f.b.i. by one senate committee, by five standing house committees and...
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May 5, 2013
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but we have immigration and there's another debt ceiling fight, right on the horizon. so we'll see how he gets through this. but, you know, presidents go through this at the beginning of their second terms. you saw it with bush, you saw it with clinton. so we'll see how he navigates this, really. 2014 is right around the corner. and that seems to be a deadline. >> alahai, organizing for action, the former obama campaign machine, it was going to use its clout to try to move the president's agenda forward. but according to politico, group failed at its first major effort, the senate's gun legislation. quote, the group didn't sway a single vote for the background check proposal and so far it has not been able to make any of those who voted against it feel any heat. what's happened to ofa? >> well, gun control is a very interesting first issue for them to try and tackle, because they're going against the gun lobby, like the nra, and their ground game has been perfected over the years. they're not just a well-funded lobby. they've got a passionate base of supports and membe
but we have immigration and there's another debt ceiling fight, right on the horizon. so we'll see how he gets through this. but, you know, presidents go through this at the beginning of their second terms. you saw it with bush, you saw it with clinton. so we'll see how he navigates this, really. 2014 is right around the corner. and that seems to be a deadline. >> alahai, organizing for action, the former obama campaign machine, it was going to use its clout to try to move the president's...
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beltway crowd, you'll start hearing about continuing resolutions and debt ceilings again and that's going to stir up fears. >> do you think technology is a place to be now moving away from utilities and dividend stocks? do you think cyclicals are the place to go? >> i think we've been in consumer discretionaries. at the marge yins you take mone out and buy technology and health care. >> you don't signal with anything with mustache or no mustache, right? >> no. >> we've been doing better without the stash. >> my wife made me shave it off three years ago. >> is that when it was done? >> three years ago. three years ago in june. >> she called the bottom. when someone has a mustache even when they shave it, they look like they still have it. you will always have it. all right. you have been leading for three years at raymond james in all of the polls. there's more to it than just shaving it off. keep it off. thank you. we'll see you later. >> a pleasure. >> as good as a super bowl indicator or skirt indicator. >> i forget what that is. >> no. no. no. roaring '20s, baby. >> that's right. >> th
beltway crowd, you'll start hearing about continuing resolutions and debt ceilings again and that's going to stir up fears. >> do you think technology is a place to be now moving away from utilities and dividend stocks? do you think cyclicals are the place to go? >> i think we've been in consumer discretionaries. at the marge yins you take mone out and buy technology and health care. >> you don't signal with anything with mustache or no mustache, right? >> no. >>...
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. >> my prediction is -- first i said we would not have a debt ceiling wrangling this spring. now i'm wondering whether they'll even get it this fall. some people say it is a losing plan by fannie mae. no, t.a.r.p. is going to be hutch a huge windfall for the government. one of the things to watch, there will be no budget deal, no grand bargain because we don't need one. >> there's a good and a bad. >> there was never going to be one. chris matthews, my friend at ms has always been saying, listen, you really think this would be a great bargain? come on, man. it's just media! >> we're talking november 1st before a president has to go back on a raise in the limit. >> and maybe later because these tax receipts are coming in hot. >> and spending is down. >> the sequester -- >> which we talked about a lot. >>> people are taking note of a little more chop here at these levels. we'll talk to sam stovall later in the show from s&p looking for 8% to 10%, either adding shoulders on double top. investors will be increasingly intolerant of economic data point misses. >> we still have good
. >> my prediction is -- first i said we would not have a debt ceiling wrangling this spring. now i'm wondering whether they'll even get it this fall. some people say it is a losing plan by fannie mae. no, t.a.r.p. is going to be hutch a huge windfall for the government. one of the things to watch, there will be no budget deal, no grand bargain because we don't need one. >> there's a good and a bad. >> there was never going to be one. chris matthews, my friend at ms has always...
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you have the debt ceiling coming at us now. the sequester continues to be the rusher in the back room that will force people into an agreement, i hope, on the bigger issue of entitlement reform. senator conrad? >> i agree with that entirely. it was designed to be a forcing mechanism. i think over time it will prove to be one, especially with the need to extend the debt limit. that creates an opportunity. the great thing about washington is opportunities keep coming around. shame on us if we do not take advantage of some of these opportunities to get the job done. but we would be so much better off if we took some more balanced approach, because so far what we have been doing is just holding onto the discretionary side of the house and that is the part of the budget that is shrinking. how about addressing a part of the budget that is growing and growing dramatically over time? that would make some much more sense. i do applaud the president from putting chains cbi on the table. that is an absolute, absolute critical first step.
you have the debt ceiling coming at us now. the sequester continues to be the rusher in the back room that will force people into an agreement, i hope, on the bigger issue of entitlement reform. senator conrad? >> i agree with that entirely. it was designed to be a forcing mechanism. i think over time it will prove to be one, especially with the need to extend the debt limit. that creates an opportunity. the great thing about washington is opportunities keep coming around. shame on us if...